BSR
CyclicalsValuation Breakdown
Cyclical companies (chemicals, oil & gas, basic resources) have earnings that swing dramatically with commodity prices and economic cycles. Valuing them on a single year's earnings is misleading: they look cheap at peaks and expensive at troughs. This model uses 7-year median EBITDA ("mid-cycle" earnings) and a 7-year median EV/EBITDA multiple to estimate what the firm is worth at a normal point in the cycle.
Valuation Track Record
Retroactive intrinsic value vs actual close price — BSR
Earnings Quality
Fiscal year 2025
Financial Forensics
Beneish M-Score · 2025
BSR exhibits a Beneish M-Score of -2.8311, indicating a low likelihood of earnings manipulation. However, the company's earnings quality metrics reveal significant weaknesses, particularly in revenue and margin quality, which could raise concerns about sustainability and transparency.
- Earnings Quality Score of 74.2/100 is decent, but the eq_margin and eq_revenue scores are both 0.0/100, indicating potential issues in revenue recognition and profit margins.
- Beneish M-Score of -2.8311 is well below the manipulation threshold of -1.78, suggesting that the likelihood of earnings manipulation is low.
The ownership structure is heavily concentrated, with Tập Đoàn Công Nghiệp – Năng Lượng Quốc Gia Việt Nam holding 92.1% of shares, which may lead to governance risks and reduced minority shareholder influence.
Investors should closely monitor BSR's revenue recognition practices and margin improvements. Given the high ownership concentration, consider engaging with management for greater transparency on financial practices.
Generated by AI based on quantitative data. Not financial advice.
Quantitative Scores
Key Ratios
Company Overview
// OWNERSHIP_NETWORK
> mapping common ownership for BSR — hover nodes for intel, click to navigate